Ukraine’s real GDP grew by 19.5%; the economy has adapted to wartime conditions.

Ukraine’s real gross domestic product in the second quarter of this year increased by 19.5% compared to the second quarter of last year, according to an operational assessment by the State Statistics Service.

Compared to the current year’s previous quarter, the actual GDP increase was 0.8% (seasonally adjusted). The Ministry of Economy called the GDP indicator in the second quarter optimistic and believes that it indicates the economy’s adaptation to war conditions.

“The key factors that influenced this result are the flexibility and adaptability of domestic business, the measures taken by the government to support business and the economy, and international assistance from our partners,” commented Economy Minister Yuliya Svyridenko.

The state budget received 1.8 times more international financial aid in the second quarter than during last year’s second quarter. International trade also positively affected economic growth due to steady exports through the grain corridor and new logistics routes.